v2.4.1.9
Stock Options and Warrants (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Option and Warrant Activity

The following table summarizes all stock option and warrant activity for the year ended December 31, 2014 and 2013:

 

    Number of Warrants     Weighted Average
Exercise Price
 
Balance outstanding, December 31, 2012     24,361,948     $ 0.34  
Granted     -       -  
Exercised     -       -  
Expired     (1,800,000 )     0.50  
Balance outstanding, December 31, 2013     22,561,948     $ 0.33  
Exercisable, December 31, 2013     22,561,948     $ 0.33  
                 
Balance outstanding, December 31, 2013     22,561,948     $ 0.33  
Granted     -       -  
Exercised     -       -  
Expired     (7,973,332 )     -  
Balance outstanding, December 31, 2014     14,588,616     $ 0.35  
Exercisable, December 31, 2014     14,588,616     $ 0.35  

Outstanding and Exercisable Options and Warrants

The following table discloses information regarding outstanding and exercisable options and warrants at December 31, 2014:

 

    Outstanding     Exercisable  
Range of
Exercise Prices
  Number of
Option Shares
    Weighted
Average
Exercise Price
    Remaining
Weighted
Average
Contractual
Term (Years)
    Number of
Option Shares
    Weighted
Average
Exercise Price
 
$0.20 - $0.29     2,000,000       0.20       1.92       2,000,000       0.20  
$0.30 - $0.39     11,774,616       0.37       1.72       11,774,616       0.37  
$0.40 - $0.49     814,000       0.40       0.25       814,000       0.40  
      14,588,616       0.51       1.66       14,588,616       0.51